Michael Porter has identified four key elements in a nation's competitive advantage: __________;demand conditions;related and supporting industries;and company strategy,structure and rivalry.
A)industry composition
B)size of market
C)governmental regulation
D)suppliers
E)factor conditions

Question

Quizplus · Accepted Answer

Michael Porter identified factor conditions, which refer to a nation's unique endowments such as natural resources, skilled labor and infrastructure, as a key element in a nation's competitive advantage. The other options listed are not identified as key elements by Porter.

Michael Porter Has Identified Four Key Elements in a Nation's